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Chinese vitamin maker Zhejiang Medicine reported a minor explosion at a carotenoid intermediate workshop, and most Chinese vitamin A and E producers then stopped publishing offers. Lysine HCl export prices fell on low enquiries even though supply was tight.
Methionine weakened in Europe but firmed in North America, and North American buyers are waiting and seeing as ocean freight costs rise.
Weak lysine export prices point to softer feed amino acid costs, while mixed methionine moves leave that market balanced. Rising ocean freight may delay or cancel some shipments, which adds uncertainty to near-term feed additive pricing.
mintecglobal.comMintec TeamMay 1, 2024Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
